Enjoy this free access to selections from The ROI's proprietary content. Ready for more? The Members-Only Collection includes even more for owners about inventory management and Open-to-Buy planning.
How-To Info, Online Calculators for Retail Inventory Control and Open-to-Buy Planning
There is a cause-effect connection between sales, gross margins, and inventory turns. Effectively managing that balancing act is part of the art of retailing.
Merchandise Planning: Back to the Basics
Sound merchandise management is crucial for the survival and prosperity of your retail business.
It’s not just another “paper exercise”—it can mean the difference between strong, positive cash flow or a constant battle to pay your bills.
It can keep your operation profitable even in times of less-than-robust sales.
How to Shape Up Your Inventory? Manage Inventory Turns
If your store is like many other independent retailers, it’s probably overstocked much of the time.
This excess inventory is like excess fat:
If you’d like to time your inventory flow so you always have fresh merchandise and a healthy turnover rate, consider this shape-up plan.
It will help trim away excess inventory without cutting into the muscle of your stock.
The Diamond of Doom
The High Costs of Excess Inventory
As a retail owner, one of your primary goals is to boost profit margins—right?
You know that good inventory management is essential to producing top-notch profits.
You also know that bad inventory management can cause big problems with profit.
However, you may not know the actual cause-and-effect of bad inventory management.
How to Cut Inventory – Fast!
Is excess inventory threatening your store's survival?
Here are 10 tips to turn your inventory into cash – quickly!
Sometimes retailing doesn’t quite turn out as you had planned.
Did last year fail to live up to what you predicted—and budgeted for?
Did you overestimate the popularity of your generous order of a particular product?
Are there areas of your inventory brimming with overstock?
Relax! There is a way out of this mess!
If you find yourself long on inventory and short on profits—whether from overbuying, expanding lines too quickly, or overestimating sales, don’t panic.
You still can whip your inventory back into shape before it devours your profits.
Getting Through the Retail Maze with GMROI
(Gross Margin Return on Inventory Investment)
One of the best tools for measuring and managing the productivity of your inventory investment is GMROI - Gross Margin Return on Inventory Investment.
It's fast and easy to calculate.
It is dynamic (some call it the "earn 'n turn" measure.)
Best of all, it provides powerful insights specifically for retailers.
That's why The ROI calls GMROI "the #1 measure of inventory productivity."
And even more for ROI Members!
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Look at all that's here for retailers to use. Available nowhere else. Specially for busy retailers!
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